GreenHouses
New Contributor
I have a rental property that I'm selling. Its a three bedroom house.
It is actually zoned commercial and is surrounded on all sides by a shopping centre car-park.
I bought the property cheaply about six years ago and have been renting it out to a residential tenant.
The buyer of our property would purchase it to most likely knock it down and build a commercial property on it, like a shop, medical centre or workshop.
Anyway, a day or so after I've listed the property for sale, we received a letter in the mail, written on behalf of the major tenant (a supermarket chain) in the shopping centre who are asking for our feedback on their plans to build a petrol station next to our property.
I think this is most likely good news given most potential buyers would put commercial property on our block.
So my questions are:
What would you do in my situation?
Have you been in a similar situation? If so, what did you do to maximise your sale price?
Before anyone asks, I'm selling the property for lifestyle reasons and I'm not interested in knocking down the house and putting up a commercial building myself.
I've sent a copy of the letter to my appointed real estate agent and am awaiting his feedback.
I would appreciate your thoughts. Thanks.
It is actually zoned commercial and is surrounded on all sides by a shopping centre car-park.
I bought the property cheaply about six years ago and have been renting it out to a residential tenant.
The buyer of our property would purchase it to most likely knock it down and build a commercial property on it, like a shop, medical centre or workshop.
Anyway, a day or so after I've listed the property for sale, we received a letter in the mail, written on behalf of the major tenant (a supermarket chain) in the shopping centre who are asking for our feedback on their plans to build a petrol station next to our property.
I think this is most likely good news given most potential buyers would put commercial property on our block.
So my questions are:
What would you do in my situation?
Have you been in a similar situation? If so, what did you do to maximise your sale price?
Before anyone asks, I'm selling the property for lifestyle reasons and I'm not interested in knocking down the house and putting up a commercial building myself.
I've sent a copy of the letter to my appointed real estate agent and am awaiting his feedback.
I would appreciate your thoughts. Thanks.
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